Government Spending in South Korea - Market Summary, Competitive Analysis and Forecast to 2025

Key Highlights

• The government spending sector is the total amount of public sector expenditure at any sort of level, including central government, local government etc. It is split into the following segments: defense, education, social protection, healthcare, and other.
• The South Korean government spending sector had total revenues of $470.4bn in 2020, representing a compound annual growth rate (CAGR) of 9.9% between 2016 and 2020.
• The social protection segment was the sector's most lucrative in 2020, with total revenues of $87.0bn, equivalent to 18.5% of the sector's overall value.
• Looking forward, government investment in the Korean New Deal strategy, through digital innovation and securing a green economy, will help to maintain positive growth in the sector following a boom in 2020.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the government spending market in South Korea
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the government spending market in South Korea
• Leading company profiles reveal details of key government spending market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South Korea government spending market with five year forecasts

Reasons to Buy

• What was the size of the South Korea government spending market by value in 2020?
• What will be the size of the South Korea government spending market in 2025?
• What factors are affecting the strength of competition in the South Korea government spending market?
• How has the market performed over the last five years?
• What are the main segments that make up South Korea's government spending market?